GSA Capital Partners LLP Lowers Stake in BOK Financial Corporation $BOKF

GSA Capital Partners LLP cut its stake in BOK Financial Corporation (NASDAQ:BOKF) by 29.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,971 shares of the bank’s stock after selling 4,555 shares during the period. GSA Capital Partners LLP’s holdings in BOK Financial were worth $1,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in BOK Financial by 50.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,757 shares of the bank’s stock valued at $1,636,000 after purchasing an additional 5,650 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of BOK Financial by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 27,263 shares of the bank’s stock valued at $2,662,000 after buying an additional 2,909 shares during the period. Capital Fund Management S.A. bought a new stake in shares of BOK Financial in the second quarter valued at about $1,149,000. Vanguard Personalized Indexing Management LLC lifted its stake in BOK Financial by 44.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank’s stock worth $391,000 after acquiring an additional 1,220 shares during the period. Finally, Quantbot Technologies LP bought a new position in BOK Financial during the 2nd quarter worth about $1,211,000. Institutional investors own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,500 shares of BOK Financial stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the sale, the director directly owned 34,916 shares in the company, valued at $4,808,282.36. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 4,800 shares of company stock valued at $638,448. Company insiders own 56.94% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF stock opened at $133.41 on Thursday. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $138.42. The business’s fifty day simple moving average is $126.67 and its 200-day simple moving average is $115.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The company has a market cap of $8.44 billion, a PE ratio of 14.56 and a beta of 0.90.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a return on equity of 9.37% and a net margin of 17.10%.The firm had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. During the same quarter last year, the firm earned $2.12 EPS. Analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial’s dividend payout ratio is 27.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BOKF shares. Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research upgraded BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company increased their target price on BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Citigroup boosted their price target on BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and an average price target of $129.33.

BOK Financial Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.